Bernhard Burgener is requesting the sale of David Degen shares.

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Keystone

Another issue is the ownership dispute at FC Basel between Bernhard Burgener and David Degen. Bernhard Burgener Burgener’s plans are backed by the Board of Directors. However, no agreement is reached.

Monday morning saw the meeting of FC Basel Holding AG’s Board Directors. Bernhard Burgener A majority of the committee of four, which includes Burgener and Degen and Karl Odermatt and Peter von Buren was in agreement with the plans of the former owner. According to a statement issued by the holding company Degen demanded Degen to sell his stake to Basel Dream & Vision AG.

Burgener can sell its shares to minor shareholders pursuant to a law which is legally enforced. The Board of Directors says that Degen’s right to pre-sell is trumped by this so-called dragalong right.

Burgener together with his group, have reacted in the dispute between owners. Degen would like to take advantage of his right to first refusal for 16.4 million Francs. Bernhard Burgener Burgener is prevented from selling his 80 percent stake by the ex-player through a super-provisional order. The British asset manager Centricus will also be able to have an interest in the new entity. Bernhard Burgener Burgener would still receive the majority of the votes.

Bernhard Burgener According FC Basel Holding AG’s announcement Burgener & Degen seek an out of court settlement „in the best interest of FCB.“